India's Finance Minister Nirmala Sitharaman today presented the Interim Budget for the next fiscal year that starts April 1, 2024.
Reliance Industries Ltd is set to commission the Dhirubhai Ambani Green Energy Giga Complex, one of the largest integrated renewable energy manufacturing facilities, in Gujarat. The complex includes five giga factories for photovoltaic panels, fuel cell system, green hydrogen, energy storage, and power electronics. Reliance has signed an MoU with the Gujarat government to set up 100 gigawatt renewable power.
"The board of the company in a meeting on Friday approved the "raising of funds through the issuance and allotment of Commercial Papers, for an amount not exceeding Rs 3,500 crore," to be utilised for bridge funding to facilitate the payment for the two proposed acquisitions, said Tata group FMCG arm in a regulatory filing.
More than 40% of all CFO searches done by Korn Ferry in recent times were around new age companies that are planning to get listed, said Rahul Kakkar, partner and India head, CFO Practice, at the leadership advisory and senior executive search firm.
Tata Sons and the Board of Control for Cricket in India (BCCI) are competing for the Indian Premier League (IPL) title sponsorship rights. Aditya Birla Group (ABG) was the sole bidder, but Tata Sons has the right to match the winning bid. ABG made an offer slightly higher than the base price.
"The plush new Apple office will house up to 1,200 employees, comprises 15 floors and feature dedicated lab space, areas for collaboration and wellness and Caffe Macs."
The new offeriing comes with three engine options -- 1.5l Kappa Turbo GDi Petrol, 1.5l MPi Petrol and 1.5l U2 CRDi Diesel engine. It will have four transmission options including 6-speed Manual, IVT (Intelligent Variable Transmission), 7-speed DCT (Dual Clutch Transmission) and 6-speed Automatic transmission, a company statement said.
The rupee appreciated 18 paise to 82.77 against the US dollar supported by bullish domestic equities. The domestic currency opened at 82.82 and touched 82.77 against the greenback, registering a rise of 18 paise.